RE:EV's not really sellingYesSetForLife wrote: https://qz.com/gm-is-slowing-ev-production-amid-labor-strikes-and-evo-1850954588
The reality is that we are going to need oil for a lot longer than another decade. Never mind that there is nothing in the pipeline that is going to displace jet fuel used in air traffic a decade from now. There may be some minor dent in petroleum used in marine traffic by then, but most ships will still run on oil in a decade. But the widespread perception seems to be that electric vehicles (EVs) are going to substantially displace combustion vehicles a decade from now. That view is also not supported by facts.
U.S. EV share reached 6% of all new vehicle sales last year. The goal is to reach 50% by 2030 — just seven years from now. But that’s new car sales. The number of EVs on the road in 2022 was only about 1%.